—Harshit PillaiTaxability of income earned in France will depend on your tax residential status in India in FY17. So, your global income shall be taxable in India, irrespective of the source or place of receipt of the income. Hence, the income earned in France shall be taxable in India, subject to the benefits, if any, available under the Double Tax Avoidance Agreement (DTAA) between India and France as per Section 90 of the income tax Act, 1961. Further, as an OR, if you claim relief under section 90 of the Act, you have to use income tax return-2 (ITR 2). If your total income during FY17 exceeds Rs.50 lakh, you will have to disclose the total assets and liabilities in Schedule AL in your personal tax return.

Source: Mint September 04, 2016 15:00 UTC